In this video I check out the S&P and a couple indicators in an attempt to make sense of what’s going on out there.
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In this video I check out the S&P and a couple indicators in an attempt to make sense of what’s going on out there.
You must be logged in to post a comment.
As usual useful commentary. The Fed will rule the opening for a few days. The message will be, as usual, indefinate. Mostly because the Fed is uncertain, but for one thing. The fed knows that if it does not support the market it is essentially over for the summer. So, the Fed will be supportive until it is clear that the economy can not move steady or up without support. The answer is the economy is weak and the Fed will stay strong. How long?? Until it is clear what Ohbama care means to consumer PCE. My predicton: The consumer is 70% of the economy, without his spending it is a no-Show. The Obamacare costs will take the driver out of the market and it will decline. Be cautious Wall Street thinks it a done deal but consumers will say NO.
Happy fathers day!
Good work. I won’t bet on anything here but my guess is we break support and have a dead cat. I would be very bearish here but the raw numbers of the PC ratios do not support a crash unless it is news related. Bad news can send the overconfident bulls running for cover.
Paul